Juzer Presswala's Home Trends

Juzer Presswala

INITIA REAL ESTATE

Change in recent inventory trend signals a busy market ahead

AVG. SALE PRICE Detached $585,707

AVG. SALE PRICE Apt. Condo $218,330

ACTIVE LISTINGS 5,436

DAYS ON MARKET 30

Edmonton, May 2, 2025: There were 2,710 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2025. The total residential average price came in at $470,447, increasing 2.1% from the previous month. Detached home prices averaged $585,707, representing a 1.8% increase from March 2025. Row/townhouse prices increased by 0.1% from March 2025, with an average selling price of $314,703. Apartment Condominium average prices rose 0.1% from the previous month to $218,330. “Our spring market has unmistakably declared its arrival with the influx of new listings and rising inventory. April marked the first time in a while that our current inventory has been on par with or higher than last year’s levels,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “Though, what’s interesting is we’ve seen inventory levels decline in the negative double digits for the better part of the last 12 months, and the dwindling supply has put pressure on home prices. That pressure won’t alleviate unless this upward trend for inventory continues well past the busy season. We can still expect prices to continue to increase in the short term through the warmer months.” Overall, all residential listings averaged 30 days on the market. Source: REALTORS® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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